if you are a distarged bankrupt and waiting for a compensation payment following a car accident would all the compensation have to be paid to official Receiver re bankruptcy

I would appreciate any reply from anyone with Bankruptcy knowledge. If I had old debts which had defaulted and I was no longer making payments, could I go bankrupt without involving a new partner.Old debts amount to 16k. Joint incomes are £2400 and after living costs etc looks like between us there ...

I am starting to receive quite a few emails from support offering advice from site members on questions that I have not posted!
Any ideas. kpw

hi Whether we like it or not I have heard that IPs are presenting proposals based on the whole together mortgage, and with the other creditors approval, the creditors are accepting the proposal. Is this a problem provided all the creditors are aware and accept it. They would presumably have their re...

hi
thanks for your replies

hi
Does any one know if Blackhorse ever vote for IVA proposals?

hi My F+F creditors meeting was in July 2007 and distribution on 4th aug. Still waiting completion statement. My IP says there is one cheque that has noy been presented and if necessary will have to wait until it expires on feb 8th,if it still has not been presented. He will then redistribute funds ...

Thanks Melanie
I just wanted to confirm that it would be regarded as an asset available to the creditors. I realise that it is probably going to be difficult to sell at present and/or get anywhere near market value as it is in a developing area with lots of new builds going ahead.

Hi
Yes your husband would hve to be involved as your IVA contribution would take into account your total household income and expenditure and would be based on your leftover disposable income. That would be offered to the creditors.

Questions for Melanie You mentioned earlier in the post that a DMP is not a sensible idea if you have equity. Surely this is more or less the same with an IVA where creditors almost certainly will put a Fourth year equity release clause in. Surely it must depend on your circumstances, which creditor...

Thanks Meanie
Say the market value was around 12k-14k and the annual charges were only about £400 would you be expected to realise whatever it could be sold for or is the IP just likely to say its not worth it.

Hi
Can anyone tell me if you own a Timeshare how it is dealt with in an IVA

Hi Once the variation meeting has taken place,(if it is a F+F variation meeting) if majority in value(75%) agree and the offer accepted the IP can then give any creditor who has not made a claim 4 weeks to do so. He /she(IP) will normally have allowed 10% just in case a higher claim comes in. If the...

Hi Normally you should be able to include Income Tax Liabilities in an IVA if they are more than 2 years old. So at present I would suspect an iva would not be possible as you only have one other relevant creditor at present (Personal loan). You would norally need at least 3 unsecured creditors for ...

Hi
All unsecured debts HAVE to be included in iva.
Only secured debt e.g mortgage, secured loans Car HP are
included in expenditure.